EURUSD short Idea
Last week we saw a reversal on this 4hour bullish trend just before our major monthly resistance zone around 1.15000
If this transition continues we could see a fairly large drop to major support levels
We want to see a lower high form right where price action is currently followed by strong bearish setups that would then present a short opportunity.
We are looking to target lower toward our 1.11750 structure level followed by a lower target around our weekly support, 78.6% fib level, 200ema, and key structure around 1.10000
Last week we saw a reversal on this 4hour bullish trend just before our major monthly resistance zone around 1.15000
If this transition continues we could see a fairly large drop to major support levels
We want to see a lower high form right where price action is currently followed by strong bearish setups that would then present a short opportunity.
We are looking to target lower toward our 1.11750 structure level followed by a lower target around our weekly support, 78.6% fib level, 200ema, and key structure around 1.10000
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.